Employee assessments are vital to the success of a business. They allow you to give praise for a job well done as well as point out areas in the job performance that are in need of improvement. For the good of both the employee and the business it is imperative to have these assessments on a regular basis. As much as possible, you want to make sure that the employee’s assessment is a thorough review of their job performance; this will allow you to clearly see where there has been improvement and what areas in their training are still behind. TBC Consulting has identified that CanGo would benefit from an improvement to their employee performance assessment. An improved method for performing these assessments will help CanGo communicate more effectively with its staff and further encourage growth for the employee and the company.

Recommendation

TBC Consulting recommends implementing a 360 degree feedback to improve CanGo’s employee performance assessments. Amongst other feedback tools that are available, we feel that a 360 degree feedback will allow for the most thorough job performance analysis. Through our research we found this type of feedback tool to be: 1. One of the easiest transition to merge into CanGo’s current methods

2. One of the more economical choices that will fit into CanGo’s budget

3. One of the most more expedient tools to implement

With a 360 degree feedback managers are able to obtain a more accurate picture of the participant's capabilities than just one perspective. The 360 degree feedback report summarizes strengths and development needs, and provides insight on how participants are perceived by different groups. Well-designed 360 degree feedback reports also provide suggestions on what the participant might do to change behaviors and become more effective in their role. In order to improve CanGo’s methodology of assessing its employee’s job performances and to enhance staff to manager/manager...

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...Running Head: Individual Analysis Report
Week 4 Analysis Report
DeVry University, BUSN460
]
Overview
After reviewing the material one can see that CanGo is ready to move forward with upgrades technology. CanGo is looking to expand, but is still unsure of which way to go. Jack met with Warren and Debbie in which, he shared with them the ideas of an Automated Retrieval/Storage System (AS/RS). Jake explains to them that process flow charts give them the data to review. He states that they need to simplify, eliminate, automate, and integrate. Jack shares with Debbie and Warren the information about bar-coding and how it would benefit the company. He explains the vertical material movement and how it benefits a distribution facility as quick setups benefited the flexible manufacturing facilities. Jack also explains how beneficial one AS/RS would be, but elaborates that if there was two AS/RS’s they would be top notch. Having two separate AS/RS would help increase the volume shipped or to ship double the number of titles at the same cost. The group discussed how Liz would not be happy with the numbers, but you need to look at the net present value and the internal rate of return. Jack assured them that he calculated everything including the startup and installation costs. He explains that they should look at the long term strategic impact the AS/RS and change will have on the future of the company....

...In this week’s lesson, it is evident that the CanGo executives would like to see the company grow. While there are many ideas that have been presented that would elevate the company and give it a greater presence, there are also many consequences to consider when embarking on new opportunities. CanGo must decide if the benefit of the opportunity cost is greater than the economic trade-off. One evident factor that is prohibiting CanGo’s expansion is lack of financial resources. With its deficiency in working capital, CanGo must now measure each opportunity by performing a cost benefit and recognizing trade-offs.
First, executives at CanGo have considered expansions in the areas of offering e-books, MP3 files, online gaming, and streaming audio and video. While most of these appear to be rather simple ventures to pursue, a cost benefit analysis will provide the company with exact figures that it would need to make an informed decision. This is evident in the analysis of the e-books. As noted in the memo from Liz. After thoroughly researching the market, it was found that the demand for e-books was not as high as expected. The price of e-books would have to comparable to that of a traditional book, or even lower, in order to generate reasonable sales. Charging $20.00 per book is a profitable cost, but the demand for e- books at that cost is not a strong return on investment. The e-books...

...CanGoAnalysis Report
Consultants
BUSN 460-Team 1
CanGoAnalysis Report
Let me say first thank you for giving us the opportunity to evaluate your company’s operational process. It has been a tremendous experience to be in a company that started out small and grew to one of the leading businesses in the industry. CanGo does have a promising future ahead. During our evaluation over the past twoweeks, we have noticed a few things that will be a problem in the future if not resolved. It seems that the company has been profitable by chance not because of planning. At this point we feel the need to work on the planning aspect and all that it entails. There are six key issues and recommendations that we have made that we know would help improve CanGo.
Mission Statement
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Goals
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...Introduction:
Week 3 video starts by Jack argue with Warren the new layout that incorporates bar-coding and automated storage and retrieval systems (ASRS). they were discussion about simplifying, eliminating, automating and integrating and what the ASRS would do for the distribution facilities. Jack wasn’t looking into the company current financial situation and more looking ahead into the future and how with having this new ASRS and how much quicker it would be than with the current system that they have for the picking. Jack also mentioned he wants 2 ASRS. But Jack has not really discussed how pricey this new system is and what it would do with the current employees that are on the old system and what they would do with the new ASRS and also if they are going to need more staff or less staff with this system being integrated while still operating the old system at the same time. Also Jack and Warren are not looking at the financial side of purchasing, installing and training the current employees on the new ASRS and also integrating it.
Solution:
CanGo company needs to start with just one ASRS system instead of purchasing two at this time since the company does not have the finances to offer 2 systems at the moment. The cost of ASRS system varies in size and how it functions within the warehouse. The cost just to purchase and install the system can be estimated from $125,000 to $200,000. Then the system is going to need to have people to...

...Following up with our initial analysis last week, NewGen had the opportunity to review CanGo’s financial statement. The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. NewGen leveraged our knowledge of Investment rations, breaking our analysis down into four (4) key areas, efficiency, financial leverage, liquidity and profitability. Attached you will find our financial analysis summary matrix.
1. Efficiency Ratio
We began with a look at your efficiency ratio, concentrating on your receivables turn over for the past year. This reflects the time between your sale and actual collection. If a company's Turnover Rate is significantly lower than industry norms, there could be an underlying reason such as poor collection methods, high-risk customers or low sales. With CanGo’s Efficiency Ratio for receivables turnover was at 1.51, there is room for improvement and a closer look needs to be performed to pinpointed where the problem lies. We next looked at CanGo’s Inventory Turnover as a measure of CanGo’s inventory management efficiency. In general, a higher value indicates better performance and lower value means inefficiency in controlling inventory levels; CanGo’s was 1.56. This lower inventory turnover ratio may be an indication of overstocking which may pose risk of obsolescence and increased...

...use.
4. Gail did not really express her opinions about Nick's performance and how she felt in regards of his actions affecting the CanGo team.
5. when Warren was telling Nick about is job performance, Warren was not straight forwardEmployee assessments are vital to the success of a business. They allow you to give praise for a job well done as well as point out areas in the job performance that are in need of improvement. For the good of both the employee and the business it is imperative to have these assessments on a regular basis. As much as possible, you want to make sure that the employee’s assessment is a thorough review of their job performance; this will allow you to clearly see where there has been improvement and what areas in their training are still behind. TBC Consulting has identified that CanGo would benefit from an improvement to their employee performance assessment. An improved method for performing these assessments will help CanGo communicate more effectively with its staff and further encourage growth for the employee and the company.
Recommendation
TBC Consulting recommends implementing a 360 degree feedback to improve CanGo’s employee performance assessments. Amongst other feedback tools that are available, we feel that a 360 degree feedback will allow for the most thorough job performance analysis. Through our research we found this type of feedback tool to be:...

...﻿CanGo has moved from a small startup to a recognized growth company having a recent IPO offering. CanGo is currently lacking in a critical area for any business. It needs to focus on Strategic Planning. Strategic Planning will benefit CanGo by allowing it to: 1. Clearly define its goals consistently with its Mission and Vision statement. 2. Communicate effectively its goals to all of the organization. 3. Provide a foundation on which to direct future efforts. CanGo has the layers for a hierarchical organization. CanGo will work well within a matrix management structure. Matrix management pools a group of people together with similar skills to work on different projects.
Weights are usually assigned to criteria based on the importance of the criteria to the decision maker, and criteria are rarely of equal importance to a decision maker. The synthesis of an alternative is mainly done on the basis of prioritized objectives. When a suitable process is decided and applied to a problem, rating of the alternatives can be converted into ranks, based basically on the preferences of a decision maker. Once the a list of key features is arrived at, they are ordered from most to least important.
Ranking is determined according to:
* Personal preferences.
* Relationship with disciplinary preferences.
* In terms of their meaning.
It is also important to identify other features that are used in the...